Topic: [Bitfunder] TAT.ASICMINER New Micro-share Passthrough - page 3. (Read 11507 times)

UPDATE

TAT Investments is proud to sponsor SmiGueL's recent efforts to provide a few awesome and useful charts that track the progress (and dividends) of ASICMINER.

Please visit: http://www.asicminercharts.com/

first goal, he says. oi...

used my dividends this week to buy some more. up to 28 microshares now.

Thanks for the reply

I release more shares constantly, I try to keep them at or above the average market value, but sometimes I sell lower in order to complete other deals.

Generally you can expect all the passthroughs to fluctuate to form an average price. Sometimes mine are cheapest, sometimes mine are the most expensive; there are many factors at play.

I have no way to predict how many shares will enter the PT market, but I can tell you I will keep accumulating shares for as long as it is profitable for me to do so. My first goal is to reach 5000 whole-shares, in order to get a board seat with ASICMINER.

You say you plan on releasing more shares. How long after you sell the current shares do you plan on release more to the public. Does this mean that the value of these shares isn't going to increase by a significant amount lice pt shares and if they will increase,? what do you believe is going yearly % increase on current shares?

LOL 

Wait... 1 micro-AM share = 2 BTC?!

So AM shares will be 200 BTC?!?!?!

Now I'm bullish on AM but dear god...

My short-term guesstimate is 2BTC sometime less than 3 weeks from now. This is not financial advice!

So how much more are these shares gonna shoot up now that the dividend tripled from last week?

Dividends paid out at 0.00034411 per share!

I didn't want to imply that you have any intention of misleading anyone. However, there is the potential for unintentional misconception which is out of your control (depends on the education of the investor) - and that's what my concern was about. The hazard in providing financial instruments like yours is that it disconnects the investment from the underlying business.

That said - I welcome new and different ways for people to participate in the future appreciation of the ASICMINER equity. If bitfountain decides to grow beyond their current cash-flow capacities, there will certainly be a call for reinvestment - and a broad shareholder basis (which you perpetuate by creating a derivative) will make it easier for bitfountain to raise funds, since all you need to do is to ask existing shareholders.

I appreciate your adding insight into the topic, but please do not paint my words as misleading. My prospectus and agreement with shareholders is quite clear that dividends are ultimately under the control of Friedcat and that this asset will mirror any changes in the underlying one.

Shareholders do have full ability to reinvest whatever earned dividends come their way, thus compounding their stake in ASICMINER, and increasing potential future dividends. I suppose this is slightly different than the typical situation someone would use the term "compounded interest", but I can't think of a more accurate way to put it at the moment...

All investing comes with risk, and this one is no different. I simply provide another instrument for people to invest into this company, and this tool has it's own uses.

I have no desire to "trick" anyone or create any illusions of value. I'm simply providing a service.

Again, thank you for your insight, it is indeed important for people to have perspective about how they invest, and there are many factors at play. A smart investor factors as many of these data points as possible.

There is no such thing as easy money.

Please be careful with making misleading claims. There is no guarantee for dividends, thus compounding is the wrong terminology. Also reinvestment in this context is problematic, since the funds are not directed towards bitfountain. Instead shareholders automatically re-invest, whenever bitfountain decides to withhold earnings instead of paying dividends. Thus as a shareholder you have no control over reinvestment.

We'll take good care of you 

Figured I would give this a try. I have never bought securities before, so we will see

I see some shares available as low as .01633 ... https://bitfunder.com/asset/TAT.ASICMINER

TRANSPARENCY REPORT

1. Here is a link to Friedcat publically confirming that TAT Investments holds more shares than it has sold via our passthroughs: https://bitcointalksearch.org/topic/m.2132062

In the future, any shareholder can verify the quantity of shares held by checking the registered wallet blockchain.info here: https://blockchain.info/address/1rHfXj4AwH9zymwwJuXnbXLiDbAE9V1uz
You can then verify how many shares are held by looking for the most recent dividend confirmation payout from 16fuoinLFjBmiCYmCYDXPNfERJtdPB5ASe, the official ASICMINER address. The number of satoshi sent equals the number of shares held.

2. TAT Investments also may hold some whole-shares of BTCT.co's ASICMINER-PT asset. This quantity may fluctuate, but can be checked anytime by logging in and visiting this link: https://btct.co/portfolio/f7s2CQ==

3. TAT Investments may also hold some whole-shares of BitFunder.com's G.ASICMINER-PT asset. This quantity will also fluctuate, but can be checked by visiting this link and searching for the same wallet adddres, 1rHfXj4AwH9zymwwJuXnbXLiDbAE9V1uz, https://bitfunder.com/assetlist

TAT Investments never has, and never will hold less whole shares than it has sold via its own passthrough.

SECURITY REPORT

1. I can confirm that the emergency plan for a "dead man's switch" is fully implemented, and a full plan is in place should I be unavailable as operator for an extended period.
2. I can confirm that all accounts, wallets, and internal information of TAT Investments is secured with complex passwords, and that all accounts have 2-factor authentication enabled. This includes accounts on exchanges, e-mail addresses, and wallet access.

If you have any questions or suggestions regarding the transparency or security of TAT Invesments' holdings, please feel free to ask any time!

NOTE: TAT Investments is currently the only passthrough provider that shares this level of transparency. It is our mission to set a new standard in bitcoin investments.

Yea I completely understand thus why I thought maybe a fee for your time could be appropriate but that would be hard to figure.Can definitely see what you're saying about people like me doing just 1-2 share transfers every week so maybe a 10-25 asicminer shares minimum or something with a fee of .25btc or so? Will definitely keep an eye on this thread though for future updates. Hopefully you can figure something out.

tolan77, this is a feature we may consider adding the future, but your example leads to one of the reasons (there are a few other reasons too) that this service is not offered. Such a small transaction, if done by many people, becomes extremely time-consuming for me, and the other people facilitating the transfers. It would likely be most efficient for you to simply sell your shares and buy the ones you actually want.

At this time, I am reinvesting all BTC income to buying more AM shares, so importing of shares isn't really sensible yet.

This is a service I am regularly re-assessing, so stay tuned for news.

I will have several announcements about TAT Investments & TAT.ASICMINER updates this coming week as well, stay tuned.

This might not be doable, but the only thing keeping me from hopping all over these fractional shares is the lack of ability to transfer them back to real shares. I was wanting to use my small daily dividends to invest in these fractional ones until I had enough to turn in to 1-5 real shares. I could definitely understand a small fee to do so though.